Exhibit 99.1
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![LOGO](https://capedge.com/proxy/8-K/0001193125-21-017064/g117286g0126091510517.jpg) | | Investor Contact: Chris Lowe Cortexyme, Inc. Chief Financial Officer clowe@cortexyme.com Media Contact: Hal Mackins For Cortexyme, Inc. hal@torchcomllc.com (415) 994-0040 |
Cortexyme Announces Pipeline Update and Anticipated 2021 Milestones
— Based upon successful completion of the GAIN Trial’s interim analysis, pipeline expansion announced for 2021
— Atuzaginstat to be studied in the PEAK trial, a new Phase 2 study for Parkinson’s disease
— COR588, a novel lysine gingipain inhibitor, on track to enter the clinic in Q3 2021
— Top-line data in 643 subject Alzheimer’s disease pivotal GAIN Trial on schedule to be announced in Q4 2021
— Top-line data in 233 subject periodontal disease clinical study to be announced in Q4 2021
— Current cash position projected to fund operations into 2023
— GAIN open-label extension (OLE) rollover to date has been approximately 90% of eligible participants
SOUTH SAN FRANCISCO, Calif. – January 26, 2021 – Cortexyme, Inc. (Nasdaq: CRTX), a clinical stage biopharmaceutical company pioneering potential therapeutics for Alzheimer’s and other degenerative diseases, today announced a corporate update and highlighted key milestones anticipated in 2021.
“2020 was a year of numerous corporate and clinical accomplishments. We exceeded our enrollment target in the pivotal GAIN Trial for Alzheimer’s disease on schedule and completed a successful interim analysis in December 2020. The interim analysis was a capstone to our continually growing foundation of evidence, including clinical biomarker data supporting P. gingivalis infection in Alzheimer’s subjects and high OLE conversion, which supports the gingipain hypothesis and expansion of our pipeline. Following our successful IPO in 2019 and secondary offering in 2020, we project cash on hand will fund our current clinical development plans through 2023,” said Casey Lynch, Cortexyme’s chief executive officer, co-founder, and chair.
Ms. Lynch continued: “We expect 2021 to be another exciting and productive year. Data from researchers around the world supporting a potential role of gingipains in Parkinson’s disease is compelling, and we are excited to expand testing of atuzaginstat into this new and important area of unmet medical need. We look forward to providing additional updates on our development programs during the year.”